https://www.taxtmi.com/caselaws?id=185389 The Supreme Court found it unnecessary to compel the Corporation to pay the outstanding amount of Rs. 15 lakhs to the respondent due to viability concerns and unresolved factual issues, setting aside the High Court's decision without costs. The Court highlighted the delay in payment, the closed state of the unit, and the need to consider commercial aspects alongside the Corporation's statutory nature. The Court noted that the doctrine of promissory estoppel was not raised adequately before the High Court, emphasizing the importance of compliance with loan agreement terms regarding repayment installments. en-us Thu, 24 Aug 2006 00:00:00 +0530 Thu, 11 Aug 2016 10:46:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185389 The Supreme Court found it unnecessary to compel the Corporation to pay the outstanding amount of Rs. 15 lakhs to the respondent due to viability concerns and unresolved factual issues, setting aside the High Court's decision without costs. The Court highlighted the delay in payment, the closed state of the unit, and the need to consider commercial aspects alongside the Corporation's statutory nature. The Court noted that the doctrine of promissory estoppel was not raised adequately before the High Court, emphasizing the importance of compliance with loan agreement terms regarding repayment installments. Case-Laws Indian Laws Thu, 24 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185389